AsiaLatest News

MRP withdraws proposal to delist

MRP withdraws proposal to delist

Reading Time: 1 minute

The Philippines-based casino company Melco Resorts and Entertainment Corp (MRP) has officially pulls out from the plans to delist from the Philippine Stock Exchange (PSE), according to a filing from the company last Friday.

In September, MRP declared its decision to delist from the PSE, citing the lack of fund-raising capacity of the stock exchange.

The company’s plan was to acquire all of MRP’s public shares through a tender offer was MCO Philippines, the majority shareholder of MRP and a subsidiary of Melco Resorts.

In spite of MRP opting out of delisting, MCO Philippines plans to continue to proceed with the voluntary tender offer for 1.6 billion MRP common shares, which it says will be conducted for the purpose of increasing its shareholding interest in the company.

Source: AGBrief

Source: Latest News on European Gaming Media Network

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

Related Posts

Load More Posts Loading...No More Posts.

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.